TraderRahulPal

Finance Nifty levels | Expiry Special Trade | Hero Zero Trade

Long
NSE:CNXFINANCE   Nifty Financial Services Index
Hello Good Morning Traders, Yesterday was a very good day for trading, i hope everyone would have exited in profits. After giving breakout of down slopping descending channel, there was a huge upside momentum in Banknifty and Finnifty. Nifty was already making new highs. so let's analyse for today's market.
I think today also we can see trending market, but there is retest needed for yesterday's breakout. We will wait to get best entry for upside. Market is going to give some gap up opening in today's morning according to gift nifty. I think we can see some profits booking in first session and then we can achieve our levels. In case if market will start moving upside as buyers are aggressively active since yesterday, then we will buy some where 20398 levels if those levels will be survive at least for 30 mints. I have marked everything on chart.

Important levels for Finance Nifty:-

Accumulate in between (20066-20149), Because that is only will be Best buying zone as after giving huge breakout, there is no any retest in yesterday's session, so wait for the best entry.
Targets will be 20315/20398+
Stop loss200 EMA line, right now at 20010, it will slightly increase according to price behaviour.
But
If you don't get these retest and downside in today's session then wait for to sustain above 20398 levels at least for 30 mints, and then go for target above 20520+
Then your stop loss will be 20149


Note:-
Finance Nifty Expiry Special, Hero & Zero Trade Will be in 2nd half of the day in Trading session, according to price action By 1:15pm, So we will update by given time. follow us to get notification about this trade. and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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Thankyou.
Comment:
Comment:
okay market should move up from here, chances are high
so buy call option 30350 now at 41
Comment:
keep stop loss at 10
Comment:
targets we can see in upside 69/83/105/133+

keep watch on targets as i can't update much according to house rules policy of tradingview
so guy's see you in end
for safety just buy one put option also in case if we get wrong, so the position will be hedge, vaise chances are for upside only.
buy 20200 pe at 21 now
see u in end
Comment:
Comment:
guy's we did not seen huge momentum,,that is why our stop loss got hit at 10,,so we are in loss of 30 points in call side and put side whole points gone so total total 50 finnifty points loss happend
Comment:
Overall not a attractive expiry, but market is not support zone everyone should think for upside from here.
Thankyou
keep supporting
like follow and comment.

Best Regards,
Rahul Pal
(Full Time Trader & Investor)

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